Bitcoin has recently touched its weakest level against gold in nearly two years, signaling a potential shift in relative asset performance. From a weekly perspective, the situation grows more pronounced—RSI has hit its lowest point since the major cycle bottoms of 2015, 2018, and 2022. This historical alignment is noteworthy for anyone tracking macro cycles. On the daily timeframe, however, a bullish divergence pattern persists, suggesting underlying strength despite recent bearish pressure. The divergence indicates buyers are stepping in at lower price levels while momentum indicators form higher lows, a classic signal that downside moves may be losing steam. This dynamic tension between weekly weakness and daily resilience creates an interesting technical setup worth monitoring, particularly as traders reassess BTC's positioning relative to traditional safe-haven assets.
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GasOptimizer
· 5h ago
The bottom signal is becoming clearer and clearer, just waiting for that bullish candle to break through.
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WhaleWatcher
· 12-27 18:44
Gold has risen again, and Bitcoin is really a bit disappointing this time...
Wait, is the daily chart still holding on? That makes it interesting.
The RSI position on the weekly chart... has appeared in 2015, 2018, and 2022. What does that indicate? It should be a rebound, right?
By the way, is the bottom really that solid? I always feel like it still needs to fall further...
Everyone who bought, did you catch the bottom? I'm a bit hesitant looking at this divergence.
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TommyTeacher
· 12-27 18:41
Signs of a bottom on the weekly chart are indeed promising, but the daily chart's divergence at the bottom... I think we need to observe a bit more before drawing a conclusion.
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DisillusiionOracle
· 12-27 18:32
The weekly bottom signal is so obvious, while the daily chart is still bottom fishing... Isn't this wave waiting for a big rebound?
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hodl_therapist
· 12-27 18:30
Here we go again with the weekly vs daily chart hedging argument... Basically, it's just that nobody knows whether it will go up or down.
Bitcoin has recently touched its weakest level against gold in nearly two years, signaling a potential shift in relative asset performance. From a weekly perspective, the situation grows more pronounced—RSI has hit its lowest point since the major cycle bottoms of 2015, 2018, and 2022. This historical alignment is noteworthy for anyone tracking macro cycles. On the daily timeframe, however, a bullish divergence pattern persists, suggesting underlying strength despite recent bearish pressure. The divergence indicates buyers are stepping in at lower price levels while momentum indicators form higher lows, a classic signal that downside moves may be losing steam. This dynamic tension between weekly weakness and daily resilience creates an interesting technical setup worth monitoring, particularly as traders reassess BTC's positioning relative to traditional safe-haven assets.